The Company has the following information for the current year:

Month	Sales		Purchases		Cash Expenses Paid
May	$	95,000	$	67,000	$	22,000
June		121,000		88,000		26,500
July		138,000		113,000		32,750
August		133,000		78,000		30,100

60 percent of sales are cash. Of the credit sales, 40 percent are collected in the month of sale and 60 percent are collected in the following month. All purchases made by our company are on account with 45 percent paid in the month of purchase and 55 percent paid the following month.

Required:

Determine budgeted cash collections for July and August. (Round your intermediate calculations and final answers to nearest whole dollar.)

	July	August
Budgeted Cash Collections

Determine budgeted cash payments for July and August.

	July	August
Budgeted Cash Payments